In recent years, cryptocurrency has redefined the future of finance imploding into a $200 billion industry. The virtual currency works as a medium of exchange for online transactions and uses cryptography to secure it. Cryptocurrency leverages blockchain, which creates faster and efficient ways to transact and track orders using secure data. A major part of the appeal is the anonymity it provides, and the decentralized financial system, allowing it to operate without government interference.
In 2009, the first cryptocurrency emerged in the form of Bitcoin. Soon it gained a lot of traction and success, leading to the creation of several more cryptocurrencies such as Ethereum, Litecoin, and Ripple. Besart Hoxha, a 27-year-old entrepreneur, discovered cryptocurrency in 2011 at the age of 18, and after conducting thorough research, made his first investment in Bitcoin to purchase Ethereum in 2015. He was one of the first buyers in the pre-sale of Ethereum, and his investment paid off in 2017, minting a profit of millions.
Over the years, he has followed the market trend closely and acquired extensive knowledge about the intricacies of the business and made huge profits. Sharing his expertise, Besart states, "Cryptocurrency is a volatile market and requires comprehensive, in-depth research before investing. It is wise to make small and diverse investments and scale up after gaining deep insight into the market. Also, it is important to be patient to receive good returns, not panic, and do market research before buying or selling."
The future of cryptocurrency has sparked a lot of debate and has its fair share of evangelists and detractors. According to Hoxha, cryptocurrency has emerged as a global phenomenon and is thriving at an average growth rate of nearly 60%. With everything transitioning towards becoming digital, Cyptocurrency has limitless potential to become the mainstream currency in the future.